Currency jigsaw puzzle

From

As authorities in Western economies grapple with slow economic growth and exhausted policy tools, an old policy favourite, ‘currency devaluation’, could become an appealing option. It may be challenging to devalue one’s currency when many other nations are in the same economic predicament, particularly when those nations are holding one’s debt. However, solving the currency

continue reading

What the world economy has going for it

From

When Federal Reserve Chairman Ben Bernanke in July appeared for his twice-yearly appearance before the US Congress he said the outlook for the US economy is “unusually uncertain”. Only a week earlier on July 15, US central bank minutes show that Bernanke expects the US economy to stagger along below its average growth rate for

continue reading